USA and Iran Reach Final Text for Peace Agreement

Diplomacy

USA, Iran, Pakistan

Pakistan's Prime Minister Shehbaz Sharif confirmed that a final, mutually agreed-upon text for a peace agreement between the United States and Iran has been reached to end the conflict that began in February 2026.

Key points

  • The agreement aims to address the Iranian nuclear program, the reopening of the Strait of Hormuz, and the conflict in Lebanon.
  • Provisions include the significant easing of sanctions and the release of frozen Iranian assets in exchange for the dismantling of nuclear facilities.
  • A senior US official estimated an 80 to 85 percent probability of signing the agreement in the coming days.
  • Switzerland has offered to host the signing ceremony if both parties agree to the location.

Why it matters

The potential signing of this peace agreement marks a significant de-escalation of a major international conflict that has threatened global economic stability and regional security for months.

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